Turkey should start reforms immediately: Business body

Reforms in capital and labor markets, taxation, and education should start without delay, the head of a Turkish business body said on Wednesday.

“Even if these reforms will bear results in the medium term, they will produce confidence building effects in the short term,” Simone Kaslowski, the Turkish Industry and Business Association (TUSIAD), told a high advisory meeting in Istanbul.

TUSIAD will support the program of the economy administration, and its steps for reforms, he said.

Kaslowski underlined that the next four-year period until the next elections in Turkey was a great opportunity for realizing structural reforms.

“The whole society should focus on Turkey’s agenda and structural solutions by putting our political differences aside,” he said.

In the global area, a “cold fact” stands before Turkey in different areas, including technology, energy, transportation, security, and foreign policy, said Kaslowski.